UK stocks were lower on Friday, with the FTSE 100 easing from a record high, as the pound recovered ground and investors tread cautiously ahead of a closely watched U.S. jobs report.

FTSE 100 eases back from record highs - The export-heavy FTSE was weighed down partly by a recovery in the value of the pound earlier in the day.

The FTSE 100 and FTSE 250 surged higher today after the Bank of England moved to cut interest rates to 4.5 per cent in a bid to breathe life into Britain’s ailing economy. All of the Bank’s nine-strong monetary policy committee voted in favour of a reduction in rates, with two members of the group voting for a faster half-percentage point cut.